UAE’s First Gulf Bank wins approval for bond issue
First Gulf Bank, the largest lender by market value in the United Arab Emirates, has obtained shareholder approval to issue…
Investment Banking
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Al Masraf profits increase by 11 per cent to AED 405 million in 2015
The company’s operating profit also rose by 13 per cent to AED 437 million. The remarkable growth of the profits…
Doha Bank revising strategic plans
Doha Bank is revising its three-year strategic plans, said its Chairman yesterday. The Ordinary General Assembly of the shareholders…
Group’s success shows measure of private sector potential
Kuwait’s most successful privately-owned group invests in real estate on the back of post-crisis expansion, while also heavily supporting education…
Woori Bank to open 'Korea desk' at Iranian bank
Woori Bank said Monday that it will set up a Korea desk at an Iranian bank, a first for a…
EFG-Hermes mulls expansion in new frontier markets, CEO says
EFG-Hermes is considering opportunities to expand into new frontier markets and aims to build a “leading non-bank finance house” in…
Saudi Arabia to hold out bond mandate prospect to banks
Saudi Arabia is holding out the prospect of a role in its first international sovereign bond to banks that participate…
Dubai Investments wins award for Al Mal stake deal
Dubai Investments, a leading, diversified investments conglomerate, has won the best UAE financial services deal of the year award from…
Singapore's UOB partners with Israeli crowdfunding platform
Singapore's United Overseas Bank said it would invest $10 million in Israel-headquartered crowdfunding platform OurCrowd as part of the companies'…
Gulf bank liquidity fears are 'manageable': NBAD CEO
Concerns about the stability of the banking sector in the Middle East should be looked at on a country by…
Investment banking arm of Qatar's Barwa scours Turkey for deals -acting CEO
The investment banking arm of Qatar's Barwa Bank is looking for investments in Turkey, in sectors ranging from real estate…
More than $1bn deposited in Malaysian prime minister's account – report
Wall Street Journal identifies further deposits into private account of Najib Razak, far more than $681m – reportedly a Saudi…